Location: St. Joseph, MO | Metro: St. Joseph, MO-KS MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
ZIP 64448, located within the St. Joseph, MO-KS MSA metro area, serves as an ideal cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 64448 in fiscal year 2024 is set at $880. This figure provides a solid foundation for consistent rental income, particularly given the absence of a current market rent comparison. With a median home value of $350,522, the area offers stability and a buffer against significant drops in property value.
The high median income of $76,058 ensures that tenants receiving Section 8 vouchers can afford the local cost of living, reducing the risk of default. Additionally, the 8.9% renter share indicates a modest demand for rentals, which is balanced enough to avoid oversaturation while still providing opportunities for steady tenancy. Landlords and small-portfolio investors should focus on properties that align with the $880 FMR to maximize cash flow and maintain occupancy rates.
In conclusion, ZIP 64448 stands out as a reliable cash-flow anchor due to its defined FMR, stable median home values, and secure median income levels. These factors combine to offer a predictable and stable investment environment, making it a strong choice for those looking to build a resilient Section 8 portfolio.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.